Tuesday, April 11, 2006

Knowledge and Innovation

In a recent study, APQC found that innovation is important to all organizations in all sectors, whether for-profit, government, or nonprofit. In an economy powered by knowledge workers, the better use of knowledge can lead to faster, less risky, and more vibrant innovation. In technical organizations such as many of those studied by APQC, knowledge is often the raw material as well as the product of their work.

Do you think these organizations -- known for their innovation -- create, manage, or leverage their knowledge more effectively or differently than other organizations? Is the way they manage knowledge part of the reason these organizations are so innovative? APQC's research has found the answer to be a resounding, "Yes", but I'd like to hear your opinion on the intersection of knowledge (knowledge management) and innovation.